Zacks Research Equities Analysts Reduce Earnings Estimates for OGE Energy Corp. (NYSE:OGE)

OGE Energy Corp. (NYSE:OGE) – Investment analysts at Zacks Research decreased their FY2025 earnings per share (EPS) estimates for shares of OGE Energy in a report issued on Thursday, September 12th. Zacks Research analyst A. Dutta now expects that the utilities provider will earn $2.25 per share for the year, down from their prior forecast of $2.26. The consensus estimate for OGE Energy’s current full-year earnings is $2.14 per share.

OGE Energy (NYSE:OGE) last released its quarterly earnings data on Wednesday, August 7th. The utilities provider reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.05. The firm had revenue of $662.60 million for the quarter, compared to the consensus estimate of $837.51 million. OGE Energy had a return on equity of 9.15% and a net margin of 14.83%. The firm’s revenue was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.44 earnings per share.

Several other research firms have also weighed in on OGE. Argus lowered OGE Energy from a “buy” rating to a “hold” rating in a report on Thursday, May 23rd. Evercore ISI boosted their price objective on shares of OGE Energy from $36.00 to $40.00 and gave the stock an “in-line” rating in a research note on Thursday, August 8th. Finally, Barclays raised their target price on shares of OGE Energy from $36.00 to $39.00 and gave the company an “equal weight” rating in a research note on Monday, August 12th. Seven investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $35.33.

OGE Energy Stock Performance

Shares of OGE opened at $40.97 on Monday. The company has a quick ratio of 0.36, a current ratio of 0.71 and a debt-to-equity ratio of 1.08. OGE Energy has a 12 month low of $31.25 and a 12 month high of $40.98. The company’s fifty day moving average is $38.66 and its 200-day moving average is $36.14. The firm has a market cap of $8.22 billion, a price-to-earnings ratio of 20.80, a price-to-earnings-growth ratio of 3.74 and a beta of 0.74.

Hedge Funds Weigh In On OGE Energy

Large investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC increased its holdings in shares of OGE Energy by 178.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 762 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 488 shares during the period. Pinnacle Bancorp Inc. increased its stake in OGE Energy by 392.8% during the first quarter. Pinnacle Bancorp Inc. now owns 823 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 656 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new position in OGE Energy in the 2nd quarter valued at approximately $35,000. Voisard Asset Management Group Inc. bought a new stake in shares of OGE Energy in the 4th quarter worth approximately $36,000. Finally, Kimelman & Baird LLC acquired a new stake in shares of OGE Energy during the 2nd quarter worth approximately $38,000. 71.84% of the stock is currently owned by institutional investors and hedge funds.

About OGE Energy

OGE Energy Corp., together with its subsidiaries, operates as an energy services provider in the United States. The company generates, transmits, distributes, and sells electric energy. In addition, it provides retail electric service to approximately 896,000 customers, which covers a service area of approximately 30,000 square miles in Oklahoma and western Arkansas; and owns and operates coal-fired, natural gas-fired, wind-powered, and solar-powered generating assets.